OverviewAbout DepartmentThe Strategy, Policy and Innovation function is responsible for providing advice, analyses and reviews on current and prospective strategies and policies related to key priority areas in respect to the various financial services sectors. The function also proposes new areas which could potentially be delved into by the MFSA and provides insight on how related frameworks may be developed.In formulating and proposing policies, the function seeks to ensure that the Authority is proactive in the face of new opportunities, perceived risks and changing international standards which may impact the financial services sector, whilst fostering innovation and enhancing access to financial products. The function hence contributes towards strengthening Malta’s framework for the regulation of the sector, whilst promoting and coordinating strategic thinking across all functions within the MFSA.As part of its remit, the function is also responsible for participating in selected local, EU and international fora, including committees of the European Supervisory Authorities, which may impinge on the Authority’s strategies and policies.About the RoleThe successful candidate will join an analytical and multidisciplinary team of policy experts and will have the opportunity to participate in the shaping and implementation of key regulatory policy initiatives, falling within the various sectors regulated by the MFSA, including engaging with internal and external stakeholders in the process. The role requires individuals who can interpret law and related regulatory frameworks and be able to understand market needs and trends, as part of the policy formulation process.The selected candidate will be responsible for the following main duties:
Participating in the development and implementation of regulatory policy projects and related ongoing cross-sectoral policy work;
Providing support in the development, monitoring and reviewing the Authority’s Strategic Planning and Implementation Cycle;
Providing support in the development of proposals related to key priority areas which may be tapped into by the MFSA, in line with the Authority's strategy and vision;
Liaising with other directorates within the Authority, as well as other governmental bodies and external stakeholders in the implementation of such policy work and act as a contact point, as required, to facilitate communication channels;
Participating as necessary, in selected local, EU and international fora, including the relevant committees of the European Supervisory Authorities, which may impinge on the Authority’s strategies and policies;
Undertaking other tasks as directed by line management, depending on the Authority’s exigencies.
About YouThe MFSA is looking for a promising individual with solid academic background in either Banking, Economics, Accountancy, Law or any other qualification related to innovative areas of finance.The role calls for an academic qualification in a relevant field of study at National Qualification Framework Level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC), or a widely recognised professional qualification at a comparable level.If you do not have the necessary academic or professional qualifications but you have at least five (5) years’ experience in a similar related role, we would still be interested in speaking with you. Also, knowledge and/or experience in a selected sector regulated by the MFSA and relevant regulatory framework, would be considered an asset.The chosen candidate is expected to be a confident individual who is flexible, proactive and having a critical and analytical mind-set. The following skills and attributes are important for this position:
Keen interest in financial services regulatory and legislative development;
Excellent attention to detail;
Sound time management skills and ability to adapt to changing priorities, as may be necessary;
Ability to maintain good working relationships with other team players, including with external stakeholders in general;
Good research and excellent oral, written and presentation skills.
The selected candidate will be given opportunities to learn and be trained for the role, through various mechanisms which the Authority holds, such as, the Financial Supervisors Academy and also on the job training.Other InformationThe selected candidate will be given opportunities to learn and be trained for the role, through various mechanisms which the Authority holds, such as, the Financial Supervisors Academy and also on the job training.The MFSA is an Equal Opportunities Employer as certified by the NCPE (National Commission for the Protection of Equality) and is committed to a policy of equal opportunity in all aspects of employment and will take care to avoid any form of discrimination in its recruitment procedures. The MFSA reserves the right to withdraw this call at any time and not to select any of the Candidates.It is the responsibility of applicants in possession of qualifications awarded by Universities and other similar institutions outside Malta to produce a recognition statement on comparability of qualifications issued by the Malta Qualifications Recognition Information Centre (MQRIC). Applicants should do so preferably at application stage or otherwise at the preliminary interview should an applicant be selected for such interview. Details can be obtained by accessing the National Commission for Further and Higher Education website on www.ncfhe.gov.mt under MQRIC heading.The MFSA shall ensure that any processing of personal data is in accordance with Regulation (EU) 2016/679 (General Data Protection Regulation), the Data Protection Act (Chapter 586 of the Laws of Malta) and any other relevant European Union and national law. For further details, you may refer to the Data Protection Policy on the MFSA webpage www.mfsa.mt.Candidates are to note that the submission of any false statement/s or omission, even if unintended, may lead to the cancellation of their application and may render the candidate's appointment liable to termination.Furthermore, please note that candidates may be asked to submit any documentation in support of the information provided, including but not limited to, proof of qualifications and Police Conduct Certificates.Public Call no: 685/2023Apply
